With use of on-chain NFTs, staking contracts are now fully secured on the blockchain. Most NFTs today are stored off-chain on a centralized server, with just a serial number and redirect link on the blockchain. These on-server NFTs can be changed in the future by the contract deployer. EverRise makes full use of the public LEDGER and the immutability of smart contracts by securing all information needed to generate NFT Stakes via The EverRise NFT Staking Lab.
Both the metadata and the image of the EverRise NFT Stakes are stored directly on the blockchain and require no external data source besides the blockchain itself. The attributes and image of the NFT are generated from the exact data of each individual stake.
EverRise implements an automatic buyback and stake model which fortifies the EverRise liquidity pools and rewards stakers. RISE tokens are automatically purchased from the market and distributed to the staking rewards pool. Holders can mint EverRise NFT Stakes when they stake their tokens and interact with a suite of features in the EverRise NFT Staking Lab. In addition to on-chain NFTs, those who stake RISE receive vote escrowed RISE (“veRISE”) which gives them governance votes for the EverRise protocol.
EverRise has also introduced key features to provide protection to the RISE token and RISE assets including time-locks, bounded permit approvals, ability to mass-revoke operator approvals, and auto-timeout. These new security features guard against exploits commonly seen in the DeFi and NFT space.
The upgraded RISE token is available through EverSwap, EverRise’s multi-chain swap interface that allows projects to collect transaction tax in native cryptocurrencies rather than project tokens, eliminating sell pressure caused by the common “swap and liquify” function.
About EverRise
EverRise is a blockchain technology company focused on increasing accessibility to decentralized finance by bringing security solutions to the space. Through an innovative ecosystem of decentralized applications, EverRise provides investors and developers the tools to access the widest possible market with the maximum level of security. They are working towards the mass adoption of safety protocols across Ethereum, BINANCE Smart Chain, Polygon, Avalanche and Fantom networks and currently offer 5 security dApps: EverBridge, EverOwn, EverMigrate, EverStake and EverSwap, with more on the way.
Website | | | | | Facebook | Instagram | YouTube
This is a sponsored post. Learn how to reach our audience . Read disclaimer below.